The US-China trade war in the past three years, and now Covid-19, have highlighted the differences in responses to trade, investment and the pandemic by countries with very different political and economic ideologies. In particular, China is using its global power to expand its influence and reset the rules of trade relationships. New Zealand must be cautious about its exposure to Chinese influence at this level.
123RF
The recently signed RCEP trade agreement encourages even closer ties with China, but this puts NZ s long-term interests at risk. Rebalancing the books Our analysis of foreign direct investment (FDI) application data from the New Zealand Overseas Investment Office from the beginning of 2017 to the end of 2019 shows two conflicting trends.